Secure Waste Infrastructure Corp.

Secure Waste Infrastructure Corp.

15.20
EUR
-0.10
(-0.65%)
0.45EPS
29.86P/E
2.97BMarket Cap
Nov 04Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
13.85
19.05
10.09
9.12
14.3
18.02
19.2
11.5
16.08
25.84
27.86
5.58
6.59
-22.83
Basic EPS, GAAP
0.36
0.26
-1.2
-0.32
-0.21
0.12
0.01
-0.54
-0.87
0.59
0.66
2.28
0.55
0.74
Free Cash Flow per Basic Share
-0.91
-0.9
0.13
0.22
-0.17
0.05
0.48
0.49
0.13
1.02
0.77
1.43
0.22
0.43
Dividend per Share
0.1
0.16
0.19
0.15
0.23
0.27
0.27
0.11
0.03
0.12
0.4
0.41
0.4
0.41
Book Value per Share
5.7
6.28
5.99
5.77
5.35
5.3
5
4.33
3.59
4.09
4.12
4.45
3.64
3.69
Tangible Book Value per Share
4.14
4.34
5.4
5.16
4.97
5
4.68
4.15
1.87
2.43
3.2
3.21
2.13
2.22
Basic Weighted Avg Shares
108
119
133
155
163
163
159
159
234
310
296
255
223
219
Sales/Revenue/Turnover
1,493
2,272
1,346
1,410
2,328
2,937
3,053
1,824
3,766
8,002
8,244
1,421
1,472
-5,009
Operating Margin (%)
4.14
4.14
-2.87
-3.21
0.65
1.89
0.79
-3.78
-4.62
4.39
4.31
18.58
18.89
-5.49
Depreciation Expense
67
101
126
113
119
116
132
141
173
178
203
173
188
195
Net Income, GAAP
39
31
-160
-49
-34
20
2
-85
-203
184
195
582
123
162
Effective Tax Rate (%)
29.4
40.24
- -
- -
- -
44.78
- -
- -
- -
26.98
24.12
18.37
25
25
Profit Margin (%)
2.61
1.35
-11.87
-3.47
-1.47
0.68
0.05
-4.66
-5.39
2.3
2.37
40.96
8.36
-3.23
Working Capital
102
101
116
140
139
153
104
51
133
117
718
7
113
123
LT Debt
169
409
268
212
306
422
484
424
1,289
1,003
1,075
428
988
980
Total Equity
664
762
825
927
874
844
816
717
1,106
1,266
1,186
1,042
792
804
Return on Invested Capital (%)
5.99
5.53
- -
- -
- -
2.49
- -
- -
- -
10.03
11.68
11.52
12.53
11.79
Return on Capital (%)
6.1
3.65
- -
- -
- -
2.49
- -
- -
- -
10.4
11.22
32.7
10.16
12.26
Return on Common Equity (%)
6.82
4.3
-20.15
-5.59
-3.8
2.32
0.2
-11.56
-22.64
15.51
15.91
52.24
13.41
18.22

Capital Structure

CAD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
32
32
30
LT Borrowings
859
1,017
856
LT Finance Leases
129
127
124
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
217
218
218
Market Capitalization
3,743
4,731
4,808

Working Capital

CAD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
643
986
741
Cash, Cash Equivalents & STI
22
59
25
Accounts Receivable, Net
452
675
514
Inventories
156
183
163
Total Current Liabilities
530
721
618
Payables & Accruals
471
613
562
ST Debt
32
32
30
Deferred Revenue
- -
48
- -

Growth Rates

CAD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.41%
5.25%
-23.99%
Free Cash Flow
145.84%
160.21%
-86.78%
Net Income, GAAP
-568.85%
14.75%
-78.87%
Sales/Revenue/Turnover
20.25%
28.56%
3.59%
Total Cash Common Dividend
57.5%
113.28%
-14.42%

Quarterly Revenue

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,875
2,621
2,614
2,562
1,421
2025
379
355
- -
-6,169
1,472
2026
383
422
- -
- -
- -

Quarterly Earnings Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.5
0.12
0.39
0.14
2.28
2025
0.16
0.14
- -
0.24
0.55
2026
0.16
0.2
- -
- -
- -

Quarterly Dividends Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.1
0.09
0.1
0.12
0.41
2025
0.1
0.1
- -
0.1
0.4
2026
0.11
0.11
- -
- -
- -

Company Description

CEO
Allen Peter Gransch
Full Time Employees
1,937
Sector
Industrial services
Industry
Environmental services
Address
Brookfield Place Calgary AB Canada T2P 1N2
IPO Date
Apr 1, 2010
Website
secure.ca
Business
Secure Waste Infrastructure Corp. Secure Waste Infrastructure Corp. (SES.TO), formerly Secure Energy Services Inc., operates as a leading waste management and energy infrastructure provider headquartered in Calgary, Alberta, Canada, with roots dating to its founding in 2007. The company maintains an extensive network of over 80 facilities and landfills across western Canada, North Dakota, and the United States, delivering integrated solutions for energy, environmental, and industrial sectors; core offerings encompass waste processing and transfer facilities, industrial landfills, metal recycling centers, produced water pipelines, crude oil gathering pipelines, terminalling, storage facilities, and water disposal services, alongside processing, recovery, recycling, and disposal of diverse waste streams including hazardous and non-hazardous materials, produced and waste water, crude oil emulsions, and scrap metals. It serves energy producers, industrial customers, mining operations, and other sectors by transforming waste into value through sustainable practices that minimize environmental impact, reduce emissions, and enable resource recovery. Recent developments include the adoption of its current name effective January 1, 2025, to reflect its strategic evolution toward specialized waste management; closure of a metals recycling business acquisition on January 31, 2025, for $162 million; execution of definitive agreements for two additional accretive metals recycling acquisitions valued at $175 million, anticipated to close in Q1 2025 and expand its scrap metal network from British Columbia to Saskatchewan with enhanced logistics via rail investments; and planned $75 million in organic growth initiatives to optimize throughput and densify infrastructure.

Company News

  • SECURE Waste Infrastructure Corp. (SES:CA) Q1 2026 Earnings Call Transcript

  • SECURE Waste Infrastructure Corp. (SES:CA) M&A Call Transcript

  • Stock Market Today (LIVE): Futures Rebound as Investors Shift Focus to Bank Earnings Despite U.S. Navy Blockade and Rising Crude

  • Secure Waste Infrastructure: Still Attractive Thanks To Free Cash Flow

  • SECURE Waste Infrastructure Corp. (SES:CA) Q4 2025 Earnings Call Transcript

  • Secure Energy Services (OTCMKTS:SECYF) Trading Up 0.5% – Here’s Why

  • 2 Genius Companies I Desperately Want To Own

  • SECURE Waste Infrastructure Corp. (SES:CA) Q3 2025 Earnings Call Transcript

  • SECURE WASTE INFRASTRUCTURE CORP. (SECYF) Q2 2025 Earnings Call Transcript

  • Secure Waste Infrastructure Is Still Cheap

  • SECURE Waste Infrastructure Corp. (SECYF) Q1 2025 Earnings Call Transcript

  • Secure Waste: Long-Term Thesis Remains Intact

  • Secure Energy Services Inc. (SECYF) Q4 2024 Earnings Call Transcript

  • Secure Energy Services: Underappreciated Recurring Business Model

  • Secure Energy Services Inc. (SECYF) Q3 2024 Earnings Call Transcript

  • Secure Energy Services Inc. (SECYF) Q2 2024 Earnings Call Transcript

  • Secure Energy Services: Available At A 10% Free Cash Flow Yield

  • Secure Energy Services Inc. (SECYF) Q1 2024 Earnings Call Transcript

  • Secure Energy Services, Inc. (SECYF) Q3 2023 Earnings Call Transcript

  • Secure Energy Services Inc. (SECYF) Q2 2023 Earnings Call Transcript